Competition that forces several producers out of the market. Destructive competition usually occurs when there are so many producers of a product that prices are driven down to the point where no one makes a profit. It can also happen if a single producer is significantly wealthier than other producers and can afford to cut prices drastically until the other producers are driven out of business.
Words nearby destructive competition
How to use destructive competition in a sentence
“Competition is there, of course, but I think there is enough business for everyone as long as the demand is there,” he says.
I am fighting that quota because I am an advocate of competition.Propaganda, Protest, and Poisonous Vipers: The Cinema War in Korea|Rich Goldstein|December 30, 2014|DAILY BEAST
Anger often manifests in withholders as another self-destructive but more socially acceptable feeling or behavior, like anxiety.
It has a presence, it remains potentially destructive, but all we can do is attempt to marshal it.
When companies faced competition, Klein knew, consumers would have options.
Berlin was equally cut off from competition, for Berlin had to devote herself to the task of financing war for Germany.Readings in Money and Banking|Chester Arthur Phillips
A tremendous tornado passed over the city of Natchez, very destructive to life and property.
All prices, provided that competition is free, are made to appear as the necessary result of natural forces.
A destructive tornado swept over a portion of Lapeer county, Michigan.
He shows that under free individual competition there is a perpetual waste of energy.